The market price of Chinese squash began rising in November from 227 yuan [34.78 USD] per kg in the first half of the month to 253 yuan [38.76 USD] per kg. The price is much higher than around this time last year. Production areas in Jiangsu and Henan suffered from frequent rainfall in the summer months. At the time when production areas in Hebei became the main suppliers of the Chinese squash market, frequent typhoons reached far into the north of China. This had a significant impact on Chinese squash production areas in the north and the production volume declined. Market supply is not as large as in previous years, and Chinese squash from Hebei left the market early this year.
The production of Chinese squash is currently shifting from north China to production areas in Guangxi and Guangdong in south China. People in the industry explained that the production areas in Guangxi and Guangdong also suffered from frequent rainfall during the pollination period this year. That is why the supply volume in autumn is not great either. The purchase price is much higher than last year. In addition, supplies from the Jiangsu and Henan production areas have left the market early, so the overall supply volume is small. These developments have stimulated speculation in the Chinese squash markets in Guangxi and Guangdong. In the end, the price is high because supply is low.